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Bucks County Divorce Attorneys > Blog > Family Law > Protecting Yourself with Bucks County Prenuptial Agreements

Protecting Yourself with Bucks County Prenuptial Agreements

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If you are wondering if using a prenuptial agreement is a way to protect your rights and assets, recognize that there are a lot of different family dynamics and financial landscapes within Bucks County, so you need to have your individual questions addressed by a legal professional. Having a well-crafted prenuptial agreement may provide you with peace of mind as you enter into marriage.

Talk to a skilled Bucks County family attorney to demystify prenuptial agreements, learn about their importance, and discover if this type of agreement could benefit you.

Prenups Provide Clarity

Prenuptial agreements, commonly referred to as prenups, are legal documents that couples sign before marriage to outline the division of assets and responsibilities in the event of divorce or separation. While some may view prenups as unromantic or pessimistic, the reality is they serve as valuable tools for safeguarding a person’s financial interests and preserving their rights during marital dissolution.

There are a range of aspects that can be outlined in a prenuptial agreement, including the following.

  • Division of assets. Prenups can specify how marital assets, such as property, investments, and business interests, will be divided in the event of divorce or death.
  • Spousal support questions. Couples can outline provisions for spousal support or waive the right to seek alimony altogether in prenuptial agreements.
  • Inheritance rights. Some couples use prenups to clarify how inheritance rights and assets acquired through inheritance will be handled.
  • Debt allocation. Couples can stipulate how existing debts, such as student loans or credit card debt, will be allocated between them should the marriage come to an end.

While prenuptial agreements offer flexibility in addressing financial matters, there are limitations on what can be included in these agreements under Pennsylvania law. For example, if you choose to include provisions that dictate child custody, child support, or other personal matters, these elements may not be enforceable.

The process of creating a prenuptial agreement means both individuals entering into a marriage must provide complete and accurate disclosure of their financial assets, liabilities, and income to ensure transparency and fairness in drafting the prenup. Next, couples work together, often with the guidance of their respective family lawyers, to negotiate the terms.

Crafting a Valid Agreement

A Bucks County family attorney can play a crucial role in drafting the document to ensure that it complies with Pennsylvania law and accurately reflects the intentions of both spouses. For example, in order for a prenup to be considered valid and enforceable, it must be in writing, both parties must enter into the prenuptial agreement voluntarily, there must be full disclosure of financial information by both parties, and the terms of the prenuptial agreement must be fair and reasonable.

Could you use advice on how and when to create a prenup? Discuss your situation with the legal team at Kardos, Rickles & Hand. Then, if you do want to move forward with a premarital agreement, your attorney can provide you with guidance and support throughout the process. Call 215-968-6602 to schedule a meeting today.

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